February will have a slight upturn with PPD offsetting component values. Fat and protein were both flat and other solids decreased 2.7%. For our example herd, component prices decreased $0.05/cow/day. February PPD will likely increase $0.27/cwt ($0.23/cow/day) resulting in a total change per cow of +0.18/day. Our 12-month rolling projection for all milk price is $18.00/cwt (Boston), up $0.08/cwt from last month. Notice the big projected increase in protein price for March.
Cheese trades from $1.55 to $1.68 with an average of $1.63, up 2.1%. NFDM trades from 0.97 to 1.10 with an average of $1.05 up 0.6%
Example Herd:
85 pounds milk
3.9 % Fat
3.1 % Protein
5.7 % other solids
February 28, 2019 Future Prices
Class III milk trades between $15.20 and $16.37/cwt with an average of $15.85 (up 1.7%).
Butter trades from $2.22 to $2.33 with an average of $2.30, down 0.3%. Whey trades from $0.367 to $0.40 with an average of $0.49 down 3.3%
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